North American energy-focused private equity firm Energy Capital Partners has bought a 65 per cent stake in CoaLogix for $101m. The company provides services to coal-fired generating facilities to reduce their environmental footprint.

L Capital, the $500m private equity vehicle sponsored by French luxury goods conglomerate LVMH, has announced its first investment in India with a 25.5 per cent acquisition of upmarket distributor Genesis Luxury Fashion, according to news reports.